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Chrysler Exec: Bankruptcy Not Our Goal, But...

Chrysler vice chairman Jim Press said that bankruptcy is "not our objective or goal" and that "no one is trying to force us in that direction" but if his company can't conclude its tie-up with Fiat in the next month, "bankruptcy could be the outcome."

"We're preserving the company as best we can," Press told CNBC's Phil LeBeau earlier today, adding that Chrysler's product pipeline is "robust."